We are currently setting up to move back up into the fib sell zone which has targets way down at 8509. Right where RBA wants the aussie to be.
The sell area also contains a value area edge when you look at a large time frame market. profile. http://gyazo.com/c1757e9f84415344e8d36301a844731c
Of note is the December point of control below our sell area which means we could potentially sell off prior to hitting the 8970 area if participation occurs at the instead.
In the mean time I will be looking for good long setups. If we do get a sell off back down towards our lows before my short setup I will be looking for shorts to fail at or near our lows and take longs from that area.